October 15, 2015

Coffee Day IPO subscribed just 0.13 times on first day

The initial public offering (IPO) of Coffee Day Enterprises was subscribed 0.13 times on the first day of its three-day offering.

Qualified institutional bidders (QIBs) bid for 12.19 lakh shares, against 73.80 lakh shares reserved for the category, data showed. The non-institutional category comprising high net worth individuals (HNIs) bid for 1.65 lakh shares, against reservation of 53.87 lakh shares. Retail investors subscribed 20.03 shares, against 1.25 crore shares reserved for the category.

Source: http://www.financialexpress.com/article/markets/indian-markets/coffee-day-ipo-subscribed-just-0-13-times-on-first-day/151339/

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